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EQUITY
Post Session: Quick Review
Dec-24-2025

Indian equity benchmarks ended in negative territory on Wednesday, ahead of the Christmas holiday. Despite a cautious start, the indices soon gained momentum and traded higher, supported by positive cues after Federation of Indian Export Organisations (FIEO) President S C Ralhan stated that the proposed India-New Zealand free trade agreement would offer zero-duty access for 100% of Indian exports. However, in dying hours of trade, markets wiped out their gains and slipped below neutral lines as traders avoided to take risk ahead of holiday. Finally, markets settled the day in red terrain. 

Some of the important factors in trade:

Foreign fund outflows: Investors were worried amid continued foreign fund outflows, as foreign institutional investors (FIIs) offloaded shares worth Rs 1,794.80 crore.

Hope to conclude trade talks with US sooner than later: Traders overlooked Commerce Secretary Rajesh Agrawal’s statement that India is actively engaged in trade discussions with the US, and hopes to conclude the talks ‘sooner than later’ in a manner that restores deeper market access for domestic exporters.

RBI to boost liquidity through OMO purchase, dollar-rupee swap: Traders took note of the Reserve Bank of India is all set to conduct Open Market Operations (OMO) purchase and dollar-rupee swap auction from December 29, 2025 to January 22, 2026.

Global front: European markets were closed on Wednesday for Christmas Eve. Asian markets ended mixed after Japan's leading index improved less than initially estimated in October to the highest level in sixteen months. The leading index, which measures future economic activity, rose to 109.8 in October from 108.2 in September. The flash score was 110.0.  Moreover, a similar score was last seen in June 2024.

The BSE Sensex ended at 85408.70, down by 116.14 points or 0.14% after trading in a range of 85342.19 and 85738.18. There were 12 stocks advancing against 18 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.37%, while Small cap index down by 0.14%. (Provisional)

The few gaining sectoral indices on the BSE were Telecom up by 0.23%, Realty up by 0.09%, Basic Materials up by 0.05% and Metal up by 0.02%, while Oil & Gas down by 0.76%, Energy down by 0.58%, IT down by 0.44%, FMCG down by 0.42% and Consumer Durables down by 0.37% were the top losing indices on BSE. (Provisional) 

The top gainers on the Sensex were Trent up by 2.10%, Ultratech Cement up by 0.87%, Maruti Suzuki up by 0.66%, Power Grid Corp up by 0.56% and Mahindra & Mahindra up by 0.34%. On the flip side, Interglobe Aviation down by 1.43%, Sun Pharma down by 1.05%, Asian Paints down by 0.83%, Hindustan Unilever down by 0.76% and Reliance Industries down by 0.68% were the top losers. (Provisional)

Meanwhile, the Commerce Secretary, Rajesh Agrawal has said that services trade is important for India’s economic growth, emphasizing its strong contribution to domestic value addition vis-a-vis merchandise exports. These comments came during the inauguration of a Chintan Shivir on Professional Services, where he also emphasized the importance of enhanced stakeholder coordination, reforms in the domestic ecosystem, and legally binding commitments on professional services under various FTAs to unlock global markets for Indian professional services.

Commerce Secretary further said that India’s demographic dividend offers immense potential to meet the rising global demand for professional services. To realise this potential, he expressed need to adopt global best practices and equip professionals with upgraded skills aligned with evolving global market needs and technological developments. 

Besides, Commerce Secretary said that greater openness in international trade in professional services would enhance competitiveness in India’s economy. He also encouraged professional bodies to organise and participate in international conferences to enable knowledge sharing and provide platforms for enhanced collaboration.

The CNX Nifty ended at 26142.10, down by 35.05 points or 0.13% after trading in a range of 26123.00 and 26236.40. There were 24 stocks advancing against 26 stocks declining on the index. (Provisional)

The top gainers on Nifty were Trent up by 2.39%, Shriram Finance up by 1.66%, Apollo Hospital Ent. up by 1.39%, Bajaj Auto up by 0.78% and Ultratech Cement up by 0.74%. On the flip side, Interglobe Aviation down by 1.46%, Dr. Reddy's Lab down by 1.38%, Wipro down by 1.23%, Adani Enterprises down by 1.16% and HDFC Life Insurance down by 1.13% were the top losers. (Provisional)

Asian markets ended mixed on Wednesday due to thin volumes as traders stayed away ahead of Christmas holidays. Japan’s Nikkei declined, despite overnight gains on Wall Street led by reports of stronger-than-expected growth in the world's largest economy. Meanwhile, minutes from the Bank of Japan's October meeting showed policymakers broadly agreed real interest rates remain low, reinforcing expectations of gradual tightening and reduced monetary accommodation. South Korean shares fell on profit taking following a recent rally of tech and shipbuilding shares, while data from the Bank of South Korea showed consumer confidence in South Korea decreased to 109.90 points in December from 112.40 points in November.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,940.95

20.97

0.53

Hang Seng

25,818.93

44.79

0.17

Jakarta Composite

8,537.91

-46.87

-0.55

KLSE Composite

1,678.31

1.67

0.10

Nikkei 225

50,344.10

-68.77

-0.14

Straits Times

4,636.34

-2.63

-0.06

KOSPI Composite

4,108.62

-8.70

-0.21

Taiwan Weighted

28,371.98

61.51

0.22

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